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Discuss how GDP is measured by the BEA each quarter.

Discuss how GDP is measured by the BEA each quarter.

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In United States, the Bureau of Economic Analysis (BEA), part of the Commerce Department, provides an estimation of the country's GDP for each year and each quarter. It's reports is a quarter-on-quarter on the rate of growth, which is the real GDP's growth rate from one quarter to the next, expressed as a percentage. The quarter-on-quarter rate is more volatile compared to year-on-year rate and is subject to more revisions. The major benefit usage of a quarter-on-quarter rate of growth is that is that it simple to identify the economy's turning points such as beginning of an expansionary period / the end of a recession.

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